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Suzlon Secures First 248.5 MW Wind Order from ArcelorMittal for Green Steel Project
Suzlon Energy has bagged a significant 248.85 MW wind energy order from ArcelorMittal Group, marking its first collaboration with the global steel giant. The project involves installing 79 units of S144 wind turbine generators with a rated capacity of 3.15 MW each in Bachau, Gujarat. This order is part of a larger 550 MW hybrid project intended for captive use by ArcelorMittal Nippon Steel facilities. With this win, Suzlon's total contribution to India's green steel production capacity has reached approximately 1,156 MW across four major orders in a single year.
Key Highlights
Secured 248.85 MW wind power order from ArcelorMittal Group for their Gujarat facilities
Installation of 79 S144 Wind Turbine Generators (WTGs) with 3.15 MW rated capacity each
Fourth major order in the green steel segment within a year, totaling ~1,156 MW of capacity
Part of a 550 MW hybrid project for captive use by ArcelorMittal Nippon Steel India
Management targeting to increase EPC segment share to 50% of the overall order book
💼 Action for Investors
Investors should view this as a strong validation of Suzlon's 3.x MW turbine series and its dominance in the industrial decarbonization space. Monitor the company's execution efficiency and its progress in scaling the high-margin EPC business segment.